There are many choices out there for pet insurance. Here are some tips to simplify your decision:
- Research pet health insurance policies before or soon after you obtain a pet.
- Enroll your pet when healthy.
- Ask your veterinarian which illnesses are most likely to affect pets like yours – and investigate coverage for those ailments.
- Ask your veterinarian, hospital staff and friends for pet health insurance company recommendations.
- Compare policies offered by at least three different companies.
- Make sure you understand how the policies will calculate reimbursement of benefits.
- Ask how often your premium will change and why.
- Ask how much your premium will be in the future.
- Ask how long the company has been in business.
- Ask if the numbers of claims submitted affects your premium.
- Choose the deductible and required co-payment you can afford.
- Visit independent websites with customer reviews of providers and policies.
- Visit each company’s Facebook page to see what comments their policyholders are posting.
- Wait to get a policy until your pet needs medical care. Pet insurance policies will not cover pre-existing conditions.
- Make a decision solely on advertising. Read the fine print on how the policy actually works.
- Base your purchase decision on cost alone. A low premium now may not provide enough benefits when needed later, while a higher premium may be affordable now, but may become too costly to keep in the future.
For a comparison of the most common pet insurance companies please click on this pdf link. http://veterinarybusiness.dvm360.com/vetec/data/articlestandard//vetec/122013/808464/article.pdf#page=1&zoom=150,0,761